Escrow & Title
In Kentucky, the instrument used to transfer ownership of real property from seller to buyer is the:
APromissory note
BMortgage
CDeed✓ Correct
DTitle commitment
Explanation
A deed is the written instrument used to transfer ownership (title) of real property from grantor to grantee. A mortgage pledges property as security for a loan, and a note evidences the debt. The deed conveys ownership.
Related Kentucky Escrow & Title Questions
- In a Kentucky closing, property taxes are typically prorated based on:
- A Kentucky title search reveals a judgment lien recorded against the seller. At closing, the title company will typically:
- An abstract of title is:
- The purpose of title insurance is to:
- A lender's title insurance policy in Kentucky protects:
- Kentucky does not require a deed to be recorded to:
- In Kentucky, deeds are recorded in the:
- A deed is considered valid even if not recorded, but recording protects the grantee by:
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